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Question: Assume Dairy Freeze, Inc., completed the following

Assume Dairy Freeze, Inc., completed the following transactions during 2016, the company’s 10th year of operations:
Assume Dairy Freeze, Inc., completed the following transactions during 2016, the company’s 10th year of operations:


Requirements 
1. Analyze each transaction in terms of its effect on the accounting equation of Dairy  Freeze, Inc.
2. What impact did each transaction have on cash flows?

Requirements 1. Analyze each transaction in terms of its effect on the accounting equation of Dairy Freeze, Inc. 2. What impact did each transaction have on cash flows?





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Feb 3 Issued 17,000 shares of common stock ($2.00 par) for cash of $510,000. Purchased 2,800 shares of the company's own common stock at $21 per share. Sold 1,900 shares of treasury common stock for $29 per share. Declared a cash dividend on the 13,000 shares of $0.70 no-par preferred stock. 1 Paid the cash dividends. Declared and distributed a 15% stock dividend on the 92,000 shares of $2.00 par comn common stock was $27 per sharc. Mar 19 Apr 24 Aug 15 Sep Nov 22 mmon stock outstanding. The market value of the


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> Sheehan’s net cash provided by operating activities during 2016 was a. $55,000. b. $58,000. c. $61,000. d. $52,000. A1 Sheehan's Income Statement for 2016 1 2 Sales revenue 3 Gain on sale of equipment 4 Cost of goods sold 5 Depr

> How do accounts receivable affect Sheehan’s cash flows from operating activities for 2016? a. Increase in cash provided by operating activities b. Decrease in cash provided by operating activities c. They donâ&#1

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